Electric vehicle-charging network ChargePoint said on Tuesday it had received an additional $50 million in funding to allow the Silicon Valley company to expand beyond its current 27,000 public charging stations.
Inteva Products has begun production in a new facility in Oradea, Romania. The new site produces roof system components for European customers and currently employs 150 people, with plans for additional growth. This is the supplier's second site in Romania, expanding the footprint it already has in that and other eastern Europe countries.
Unique Fabricating says it has acquired the business and substantially all of the assets of Intasco, a Canadian-based provider and manufacturer of precision die cut solutions, as well as purchasing 100% of the outstanding capital stock of Intasco USA.
Michael Steiner is the new member of the executive board for research and development at Porsche, the automaker announced.
Continental is bracing for tough talks with Volkswagen and other carmakers over prices, though it does not expect to take a major hit on its results, finance chief Wolfgang Schaefer said.
Kumho has opened a new production facility with an annual capacity of 4m tyres in Macon, Georgia, following its original mothballing in 2008, due to the global financial crisis.
News
4 May, 2016
Audi could rise to the challenge of the Mercedes S-Class and Maybach ranges with longer wheelbase versions of its A8, and maybe a coupe
News
4 May, 2016
Mitsubishi Mirage Juro gets mild makeover from outgoing model, with prices starting from £11,499
Cooper Standard has posted first quarter net income up 46% to US$30.6m and adjusted EBITDA of US$103.6m million, with record sales of US$862.5m.
Daimler said it plans to invest about 500 million euros ($575 million) in a new engine factory in Poland to broaden its production footprint outside its German home market.
News
4 May, 2016
The Google and FCA will work together to build self-driving cars based on the Chrysler Pacifica MPV
Geely-owned Volvo Cars has posted Q1 earnings gains boosted by strong sales of its recently launched and high margin XC90.
Volvo swung to a profit in the first quarter as its new XC90 helped to drive growth. Operating earnings rose to $392 million from a year-ago loss.
Ford is taking wind-tunnel testing on the road, so that its engineers and the vehicles they test can spend less time traveling around the country.
Assembly of the fifth-generation Audi A4 began in July 2015 at Audi's factory in Ingolstadt, Germany. Output is expected to peak at more than 217,000 units this year, according to IHS Automotive.
PSA Group's new head of sales and marketing, Stephen Norman, will lead an overhaul of the automaker's commercial operations to improve synergies between its Peugeot, Citroen and DS brands.
Toyota Motor Sales posted a 3.8 percent sales increase in April, moving 211,125 vehicles for the month. Sales at the Toyota division, including Scion, rose 5 percent to 186,243 vehicles.
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